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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: stockfiend who wrote (79121)	2/18/2007 4:13:48 PM
From: Crimson Ghost	Read Replies (1) \| Respond to of 110194

But the rich own most of the assets that benefit from inflation. The middle class did not fare well under the Weimar Germany inflation to put it mildly -- it was pretty much wiped out.

To: stockfiend who wrote (79121)	2/19/2007 12:39:27 PM
From: John Vosilla	Respond to of 110194

Good point. Wealth inequality was at it's lowest point in many a generation by 1979 but how much was due to tax rates and how much due to the inflation of the previous decade? Seems few remember the Reagan/Bush I years of inflation fighting that went on until our banking system collapsed. It will be interesting to see how this current cycle plays out as today the inflationary trend seems still stuck in the early 70's and the housing/mounting twin deficit trends are now 1980 on steroids.. My guess is raising taxes only at the top, keeping interest rates stable and protecting the dollar will be of paramount importance unless desperation sets in. The working class getting decimated by inflation with their only protection to loss of purchasing power the cash out homeowner equity card played out and hopefully the dems try to protect them some in other ways..